SECTION 2: Language use 70 marks 2.1 Choose ONE suitable word for each sentences from the list below 20 marks competition diminish increase management economy 1.. 2.2 Reading comprehe
Trang 1ĐỀ THI ANH VĂN
ĐỀ SỐ 1
SECTION 1: Language usage
1 In the long term ……….is due to increase in the price of raw materials This is the situation where prices rise to keep up with increased production cost
a devaluation b inflation c recession d crisis
2 In a accordance with our usual terms, payment will be by …………This is a letter from a bank authorizing payment of a certain sum to a person or a company
a cheque b banker’s draft c letter of credit d cash on delivery
3 We enclose our……… , which is a formal request for payment
a receipt b quotation c commercial invoice d bill of lading
4 The industry and constrution ……… is facing difficulties due to low efficiency and competitiveness
5 It is complained that the Telephone and Post Communicatios Company is operating in
a very favourable environment without any
a monopoly b fluctuation c promotion d competition
6 We are proud of the very high level of services we offer and are accustomed to organizing conferences ……… two thousand delegates
a out of to b of up to c from up to d up from to
7 Sofitel Plaza Hotel has an excellent range of facilities and no doubt you will be aware
……the fact that the local area is rich in cultural interest
a for b to c of d about
8 When we receive your bank confirmation of L/C, your order will be made ……
a for b over c up d with
9 Impex is an international company which deals …… a wide variety of goods
10 A fall in prices can result in serious difficulties to many producers and may cause them to go …… business completely
a through b out c out of d into
11 The MD asked Mr Green
a that he had finished the report b whether he had finished the report
c had she finished the report d.if had he finished the report
12 The MD also wanted to know
a when Mr Green will submit that report b when would Mr Green submit the report
c when will Mr Green submit the report d when Mr Green would submit the report
13 Would you like …….coffee? Yes, please
Trang 216 …………the launch date is due, the new product is not ready yet So, the shopfloor workers are working hard now
a Nevertheless b However c Although d Inspite of
17 Fluctuation in exchange rates causes instability …… , it makes forecasting more difficult
a In addition b So c In order that d So that
18 Producing new software is not necessarily expensive, ……… innovations in computer hardware certainly involve massive costs
19 Mr Green , ………… is an experienced businessman is very eager to expand his business in the Middle East
a which b that c who d b & c
20 One of the accidents they had was pretty serious A workman ……… 20 feet above the ground when he suddenly fell
a was working b worked c has been working d has worked
21 The number of overseas Vietnamese going home ……… by 8.9% this year
a increases b is increasing c has increased d increased
22 The Bank’s loan terms are better than those on hire purchase, so I …… ……… the bank loans
a am choosing b had chosen c was choosing d will be choosing
23 My boss has come in and …… you in a few minutes
a would see b has seen c will see d is going to see
24 Next week, John is going home for Christmas He hopes his family …… at the airport
a will have waited b have been waiting
c will be waiting d are waiting
25 Could you tell Mr Blake that Mr Ali is here? He ……… me
a will expect b was expecting c is expecting d has expected
Complete each sentence with the correct from of the word in brackets
26 (BENEFIT) The new salary scheme is ……….to all staff
27 (COMMERCE) Ho Chi Minh City is the biggest …… center in the country
28 (RELATIVE) The risk of investing in durable goods is …… low
29 (VARY) Prices have not shown much …………this year
30 (MANAGE) Good …………should be capable of leading as well as managing
SECTION 2: Language use (70 marks)
2.1 Choose ONE suitable word for each sentences from the list below (20 marks)
1 As they …… easily, perishables must be placed on the market as quickly as possible
Trang 32 Foreign direct investment(FDI) has significantly contributed to the performance of the………
3 FDI projects account for 12% of GDP and 35% of industrial ………
4 More than 2,500 FDI projects have been licensed with a total ……… of 40 billion dollars
5 Economics studies how society uses its scarce ………… to produce goods and services
6 Money is used to save for the future; it is a store of …………
7 Providing capital for a business always involves an element of …………
8.Entrepreneurs control and co-ordinate various …… of production
9 The econnomist is only interested in services which are ………….in terms of money
10 Changes in prices result in changes in the quantity of a particular commodity
………….to consumers
2.2 Reading comprehension (30 marks)
Read the passage below and then do the tasks that follow
It seems easy to say that you are employed if you work for somebody else and you are self – employed if you work for yourself! But life isn’t quite so simple Being self- employed is not restricted to people who run their own business, in the physical sense of owning property and stock and perhaps employing their own staff A great number of people work from home in a wide range of occupations and many of them are classed as self-employed Examples are the hairdresser who has set up shop in one room of the house, the freelance book-keeper who does the accounts for other small businesses, the woman who holds clothing or Tupperware parties, and the artist who takes on freelance work from various publishing companies
People who work on a freelance basic “hire out” their skills to anyone who will pay them
A freelance photographer, for instance, may either be contracted to do a specific job for a newspaper or may even take photographs of events on the change that he/she can sell them
The number of people in Britain who are classed as self-employed rose by 52% between
1981 and 1991 from 2.2 million to 3.3 million people – and most of them work on their own (i.e they do not employ other people) in many cases these are people who have been faced with redundancy and who have used their savings or their redundancy payments, or taken advantages of one of the government schemes to set up on their own
Circle the correct answer
11 Which of the following suggestions is a suitable title for the passage?
a Self – employment b Employed or self – employed?
c The UK employment market d Types of employment
12 A self-employed person
a has to carry out instructions b works for several employers
c is paid a wage or salary d is own employer
13 The passage suggests
a The pattern of employment is not varied in the UK
Trang 4b If you are in a job, you will have it forever
c It is standard practice for many people in the UK to leave school and work for themselves
d In the UK people can either have the opportunity or the finances to start in business for themselves
What does each of the following underlined word/phrase refer to?
14 “…… and many of them are classed as self-employed.” (Paragraph 1)
15 “by 52% between 1981 and 1991 from 2.2 million to 3.3 million people – and most of them work on their own.” (paragraph 3)
Which words in the passage mean the following?
16 jobs………
17 to classify ………
18 state of being no longer needed for any available jobs ……
Fill in each blank with ONE suitable word from the passage
19 ……… becomes more popular among mothers of young children as they don’t have to work the standard 8 a.m to 5 p.m a day
20 Self – employed may ……… other people to help them with their business
2.3 Writing (20 marks)
Read this invitation card and write a short description of the Book Fair for a brochure
INVITATION TO 2002 BOOK FAIR Youth Cultural Centre
Exhibition of Books in Vietnamese and foreign languages Free copies of catalogues
Free use of Internet Publishers from over the country and Oxford University Press
21 – 28 February, 2002
ĐỀ SỐ 2
SECTION 1: Language usage (30 marks)
Circle the correct answer
1 We believe communication channels within the company will be simplified, …… our decision making will be more streamlined
a in order to b so c so that d that
2 No holiday booking will be accepted …… it is accompanied by the necessary deposit
3 More men than women are self-employed ……… this type of work is also popular among mothers of young children
a however b although c nevertheless d inspite of
Trang 54 Travel Services is expanding its business to Vietnam, ………… is a fast growing market
a which b who c that d 0
5 Coca-Cola employees enjoy high salaries ………… , they can claim traveling expenses
a In addition b however c Therefore d So that
6 After considering the advantages and disadvantages of the trip to Chicago, Mr Green wants to revise his ………
a plan b agenda c itinerary d.list
7 Exports of the company ……… of natural gas, cotton, and textiles
a include b has c consist d compose
8 ………of currency is American dollar
a unit b money c measure d device
9 There is a very rapid growth in the computer and data processing market, especially in the banking
a section b sector c part d department
10 A group of certain companies …………the market when they have completely controlled over particular commodities
a corner b advertise c monopolize d motivate
11 We are planning ………series of travel talks on different holiday resorts The first talk is called “Discover Vietnam”
16 The clerical staff will use the desk top system ………word processor
a like b same as c as d similar to
17 The Us dollar has risen ……… Vietnamese dongs
18 Multinational companies ……… Rapidly since World war 2, and today some have operations in more than 100 countries
a were growing b have grown c had grown d grew
19 A huge explosion caused extensive damage last night in the new multi-million dollar factory of Perfecta Ltd, the well-………… ladies’ fashion designers
20 “I am sorry Mr Dent will not be able to see you tomorrow He ……… a meeting 9:30 tomorrow
a will attend b is attending c is going to attend d attends
21 Travel Services is discussing ……… an office in Vietnam to expand their business in South East Asia
Trang 6a to open b the opening c opening d opened
22 Tourists are strongly recommended ……… Travel insurance for the period of their journey
a the taking out b to take out c to be taken out d taking out
23 The manager is interested to know
a if staff are happy with the new arrangements at work
b whether are staff happy with the new arrangements at work
c are staff happy with the new arrangements at work
d what staff are happy with the new arrangements at work
24 The manager came to see me and asked “………….”
a What other changes to the working conditions do you think we should make?
b What other changes to the working conditions you think we should make?
c If you think we should make other changes to the working conditions?
d If other changes you think we should make to the working conditions
25 ………will be a new year party at 8:00 in the evening It will be held at the Continental Hotel
a There b It c This d That
Complete each sentences with the correct form of the word in brackets
26 (EMPLOY) The new salary scheme is to the benefit of all …………
27 (VARY) The company will increase the ……… of products offered for sale
28 (PROFIT) It would be more ……… to set up a subsidiary
29 (FINANCE) HSBC provides ………… Services all over the world
30 (EXTREME) The figures show an ………… good year for the company
SECTION 2: Language use (70 marks)
2.1 Choose ONE suitable word for each sentences from the list below (20 marks)
competition diminish increase management economy
1 Besides essential commodities, people also buy non-essential commodities which provide some ……… personal satisfaction
2 Utility is related to our decisions about priorities in production, particularly in a centrally ……… economy
3 The Vietnamese economy grew by an annual ………… of 8% between 1991 and
1998
4 In 1999, …………growth slowed down with a 5% increase in GDP
5 GDP’s growth ……… stood at 6% in 2000 – 2001 and is projected as 7% this year
6 Economists …………the services which people provide for financial rewards
7 Entrepreneurs make decisions on production and ………… the risk of success or failure
8 ………among sellers of the same commodities has an influence on its market prices
9 Most nations hold a ………… on such essential commodities as electricity and water
Trang 710 The consumer’s desire for a commodity tends to ……… As he gets more units
of that commodity
2.2 Reading comprehension (30 marks)
Read the passage below and then do the tasks that follow
The number of people working part-time has increased dramatically over the last ten years, not just in Britain but also throughout the European Community In many cases companies are converting full-time jobs to part time positions For example, in late 1992 Burtons announced that 1000 full-time shop jobs were to be replaced by up to 3000 part- time posts
The main difference, of course, between working part-time and working full-time is in the number of hours worked A part-time employee will work less than the standard opening hours of the company In some cases two part time employees might job share one full-time job – i.e they do the work between them
Employers may prefer part-time staff because the company’s wage bill is reduced The employer also saves on National Insurance payments if part-time staff earn less than the lower earnings limit Part-time staff are more flexible They can be used to cover for absent staff and work extra hours when the company is busy or wants to open longer hours In addition, part-time staff do not have the same legal rights in employment law as full-time staff unless they work more than 16 hours a week Those working fewer than eight hours a week can never gain protection This means they cannot claim for unfair dismissal and do not receive other benefits such as maternity or pension rights
Circle the correct answer
11 Which of the following suggestions is a suitable title for the passage?
a Full-time or part-time b Employing part-time staff
c Working part-time d Converting full-time jobs to part-time positions
12 Part-time workers
a gain the same employment rights as in other European countries
b do not get the same benefits as full-time staff in employment
c can expect their employers to pay for their training
d are not readily available to companies when they need them
13 The passage suggests
a British companies tend to employ more staff on a part-time basis
b Companies in Britain can grow faster if they increase part-time staff
c part-time jobs benefit employees
d part-time work enables a person to earn some money and yet have more time for leisure
What does each of the following underlined word/phrase refer to?
14 “………They can be used to cover for absent staff and work extra hours
……….”(Paragraph 3)
15 “ ……….This means they cannot claim for unfair dismissal and ………” (Paragraph 3)
Trang 8Which words in the passage mean the following
16 changing from one form to another ………
17 employees do the work between them ………
18 loss of job ………
Fill in each blank with ONE suitable word from the passage
19 Working part-time is a useful way of earning some income for those who cannot work ………….(e.g students, pensioners who want to supplement their pension)
20 He spent all his ……… without thinking about how hard it was for him to make this money
2.3 Writing (20 marks)
Read this invitation card and write a circular letter to book publishers
INVITATION TO 2002 BOOK FAIR Youth Cultural Centre
Exhibition of Books in Vietnamese and foreign languages Free copies of catalogues
Free use of Internet Publishers from over the country and Oxford University Press
21 – 28 February, 2002
ĐỀ SỐ 3 SECTION 1: Language usage (30 marks)
Circle the best answer
1 I ……… in connection with your letter of 10 November, 2000
a am writin b write c will write d have written
2 We ………… Both Enterprise 1 & 2, and now are ready for the final exam
a have been studying b studied
c have studied d had studied
3 John Hartz ……… A lecture when he was interrupted
a delivered b had deliverd c was deliverd d was delivering
4 We delayed ……….the product because of technical problems
a being launched b launching c launch d.to launch
5 The consultant advised us ……… a subsidiary in the North
c set up d a & b are correct
6 Thank you, I have passed the exam Without your help I ………
a would have failed b failed
7 The receptionist asked Alison …………
a that she has made a reservation
Trang 9b if she has made a reservation
c has she made a reservation
d whether she had made a reservation
8 The managing wanted to know………
a how much has their turnover risen
b how much their turnover had risen
c that how much their turnover had risen
d that how much their turnover has risen
9 In 1999 the P & G spent 30 million pounds …… research & development
10 The turnover showed an increase …………5%
c on my opinion d according to my opinion
13 All foreign investors must comply ……… the law on foreign investment
a in order b for the purpose c so that d in order to
17 The MD ………… is going to retire, has recmmended Mr Blake as his successor
a who b that c who d ,that
18 The business performance did not improve ………… The appointment of the new
MD
a when b until c since d where
19 Home sales have shown a strong performance, ………exports are well below the target
a however b but c nevertheless d and
20 ………we invest more in R & D, we are likely to fall behind our competitors
21 We’ve started a join ………… program with a Canadian company
a project b firm c venture d company
22 With the new pension plans employees can ………… To take early retirement
23 The Chief Accountant resigned from the company for …………Reasons
a personnel b individual c personal d all are correct
24 We’ve spent a large part of our ………on advertising
a sharply b slightly c steadily d dramatically
25 We’ve spent a large part of our ………… on advertising
a budget b costs c expenses d amount
Trang 10Complete each sentences with the correct form of the word in brackets
26 (deliver) The price include ………charge
27 (success) We hope the new product will ……… in the home market
28 (attend) Why don’t teachers check the ………of students nowadays?
29 (impression) Most consumers are ………….by our new product
30 (hard) You should work ……… to make up for your lack of intelligence
SECTION 2: Language use (70 marks)
2.1 Gap – filling (20 marks)
Choose ONE suitable word for each sentences from the given list below
1 The economist is not coneerned with the services which people provide for no financial ………
2 Profit is the surplus which ……… as a result of productive work
3 There is always some ……… involved in financing a business
4 Commodity of different kinds ………… our wants in different ways
5 According to the Law of Supply, a rise in prices ………to increase supply
6 Supply is ……….when it can be increased or decreased rapidly in response to market prices
7 The economist’s method should be ……… objective and scientific
8 The ……… Reform in Vietnam has achieved remarkable results
9 Vietnam is not only rich in national resources, but also has an abundance of………
10 Raising ………… for development is one of Vietnam’s main priorities
2.2 Reading comprehension
Read the passage below and then do the tasks that follow
Business is a word that is commonly used in many different languages But exactly what does it mean? The concepts and activities of business have increased in modern times Traditionally, business simply meant exchange or trade for things people wanted or needed Today, it has a more technical definition One definition of business is the production, distribution, and sale of goos and services for a porfit To examine this definition, we will look at its various parts
First, production is the creation of services or the changing of materials into products One example is the conversion of iron or into metal car parts Next, these products need
to be moved from the factory to the market place This is known as distribution A car might be moved from a factory in Detroit to a car dealership in Miami
Third is the sale of goods and services Sale is the exchange of a product or service for money A car is sold to someone in exchange for money Goods are products that people
Trang 11will either need or want For example cars can be classified as goods Services, on the other hand, are activities that a person or group performs for another person or organisation For instance, an auto mechanic performs a service when he repair a car A doctor also performs a service by taking care of people when they are sick
Business then is a combination of all these activities: production, distribution and sale However, there is one other important factor This factor is the creation of profits or economic surplus A major role in the functioning of an American business company is making a profit Profit is the money that remains after all the expenses are paid Creating
an economic surplus or profit is, therefore, a primary goal of business activities
1 Which of the following suggestions is a suitable title for the passage?
a What are important factors of business?
b How are goods produced?
c What is business?
d How important is business?
2 Which of the following statements is FALSE?
a Today business means exchange of goods for money
b People produce goods and services
c Business involves various activities
d Economic surplus is a major element in business
3 “Today it has a more technical definition”(Paragraph 1) The sentences means
a It is related to techniques
b It is the definition of technology
c The definition is more specialised
d The definition refers to a technical subject
The underlined word means
4 “Traditionally, business meant exchange or trade for things… ”(Paragraph 1)
a According to our traditions b In the past
c In traditional terms d As a custom
5 “………from a factory in Destroit to a car dealership” (Paragraph 2)
Fill in each blank with ONE suitable word from the passage
10 Prices play an essental ……….in the market
11 A close look at various parts of business will help better ……….its definition
Write short answers to the following questions
Trang 1212 What is distribution?
13 Why do people carry out business?
What does the underlined word refer to ?
14 “To examine this definition ……” (Paragraph 1)
15 “Today, it has a more technical definition” (Paragraph 1)
SECTION 1: Language usage (30 marks)
Circle the best answer
1 Alison is in the MD’s office She is ………… for the post of assistant manager
a interviewed b being interviewed
c interviewing d having interviewed
2 Alison looks happy now She ………well at the interview
a performed b had performed
c has performed d was performed
3 The teacher entered the classroom when some of his students …….fun of the new comer
a were making b made
c were made d have made
4 The management is considering ……….a new branch in Hanoi
a to open b opening
c open d being opened
5.This information helps management …… a final decision on the shortlists for interview
a make b to make
c making d a & b
6 Thanks for providing the information I ……….the report without it
a did not finish b.would not have finished
c have not finished d had not finished
7 The manager wanted to know……
a if the order had been delivered b that the order had been deliverd
c whether the order has been delivered d had the order been delivered
8 The receptionist asked Alison ………
a how long she was going to stay b that how long she was going to stay
c how long are you going to stay d that how long she will stay
9 The head of the department agreed …… the proposal to expand production
a to b with c for d about
10 Unfortunately, there is a decrease …… 2% in profits
a by b on c.in d of
11 The order……… this product is growing
Trang 13a for b in c with d on
12 ………… Sales, the campaign has been successful
a According to the terms of b For the terms of
13 Cho Lon is one of the biggest wholesalers in Vietnam It deals ……… a variety of goods
14 People are in ……… business to make profits
a no article b a c the d an
15 ………advertising campaign has resuted in higher sales for the company
a no article b.a c the d an
16 The employees should work overtime ……….achieve the company’s objectives
a in order that b in order to
17 Coca-Cola ………is one of the largest multinationals, sells 1.6 billion gallons per year
a which b , which c that d , that
18 Would you like such an exciting job ………you jump on planes and fly first class around the world
19 No company wants to make employees redundant …………occasionally they have
to
a and b but c however d nevertheless
20 ………an investor follows the standard procedures, his application is unlikely to
be approved
21 We ran a summer advertising ………and sales increased steadily
a action b activity c promotion d campaign
22 We …… to send the rest of our staff on training courses next year
a think b suggest c plan d consider
23 Changes are being made to the ……….policies of the company
a personal b private c personnel d individual
24 Although the market is not growing, I expect sales to increase …….at least until the end of the century
a substantially b on average c steadily d fairly
25 Employees have the right to claim their business………
a budget b expenditure c expenses d amount
Complete each sentences with the correct of the word in brackets
26 (improve) There was a steady……….in September
27 (succeed) The new product has been a real…
28 (complain) We should make a ………….to the head office
29 (impression) The company has…………the market with the latest product
30 (basic) ………., the project goes as planned
SECTION 2: Language use (70 marks)
Trang 142.1 Gap – filling (20 marks)
Choose ONE suitable word for each sentences from the given list below
Monopoly fluctuations measures measurable changing
Work economic investment labour adjusted
Glut affordable available shortage diminish
1 The economist is interested in services which are ……….in terms of money payment
2 ……… in prices have a great effect on supply and demand
3 Natural …………arises when a country has control over natural resources
4 The consumer’s desire for a commodity will ………as he has more units of that commodity
5 Over production of any commodity can create difficulties because it can lead to a
…….on the market
6 Supplies of many commodities can generally be ……to suit market conditions
7 The utility of a commodity is related to the quantity……….to the consumer
8 Firms located in the Exprot Processing Zone (EPZ) may benefit from cheap ……and lower rent
9 American ………has increased since the US – Vietnam trade agreement was signed last year
10 Many experts believe that Vietnam has great ………potential
2.2 Reading comprehension
Read the passage below and do the tasks that follow
The sale of goods and services is not restricted to local, regional or national markets; it often takes place on an international basis Nations import goods that they lack or cannot produce as efficiently as other nations, and they export goods that they can produce more efficiently This exchange of goods and services in the world, or global, is known as international trade There are three main benefits to this type of exchange
First international trade makes scarce goods available to nations that need or desire them When a nation lacks the resources needed to produce goods domestically, it may import them from another country
Second, international trade allows a nation to specialise in production of those goods for which it is particularly suited This often results in increased output, decreased costs, and
a higher national standard of living Natural human and technical resources help determine which product a nation will specialise in
The third benefit of international trade is its political effects Nations that trade together develop common interests that may help them overcome political differences Economic cooperation has been the foundation for many political alliances, such as the European Community, founded in 1957
International trade has done much to improve global conditions It enables countries import goods they lack or cannot produce domestically It allows countries to specialise
Trang 15in certain goods with increased production and decreased prices Finally, it opens the
channels of communication among the nations
1 Which of the following suggestions is a suitable title of the passage?
a Why nations trade
b How nations trade
c When nations trade
d What nations trade
2 Which of the following statements is TRUE?
a International trade leads to higher costs and living standards
b International trade benefits the world economy
c International trade does not affect politics
d International trade means exporting of goods
3 “There are three main benefits to be gained from this type of exchange” (Paragraph 1)
a profits b advantages
c allowances d bonuses
The underlined word means
4 “International trade makes scarce goods available to nations……”(Paragraph 2)
a high quality b foreign made
c well-known d not easily purchased
5 “It enables countries to import goods they lack or cannot produce
domestically”(Paragraph 5)
a on their own b efficiently
c with domestic resources d cheaply
Which words in the passage mean
6 do not have enough
7 decide
8 shared
9 of the whole world
Fill in each blank with ONE suitable word from the passage
10 High-tech goods are now readily ……….to the Vietnamese market
11 Economic growth has helped ……….people’s living conditions
Write short answers to the following questions
12 What is international trade?
13 How does international trade affect politics?
What does the underlined word refer to?
14 “This often results in increased out put and decreased costs and a higher national
standard of living” (Paragraph 3)
15 “Finaly, it opens the channels of communication among nations”(Paragraph 3)
Trang 162.3 Writing (20 marks)
Read the following invitation card and then write a circular letter to suppliers
INVITATION TO YEAR 2001 CONSUMER GOODS FAIR
Invitation Exhibition Centre
Ho Chi Minh City
Display of latest products
February 12 to 14, 2001
Trang 17HỌC KINH DOANH BLOG – http://www.hockinhdoanh.tk
ĐỀ THI TUYỂN DỤNG TIẾNG ANH VÀO CÁC NGÂN HÀNG
ĐỀ SỐ 1
SECTION 1: Language usage (30 marks)
Circle the correct answer
1 In the long term is due to increase in the price of raw materials This is the situation where prices rise to keep up with increased production cost
a devaluation b inflation c recession d crisis
2 In a accordance with our usual terms, payment will be by …………This is a letter from a bank authorizing payment of a certain sum to a person or a company
a cheque b banker’s draft c letter of credit d cash on delivery
3 We enclose our , which is a formal request for payment
a receipt b quotation c commercial invoice d bill of lading
4 The industry and construction is facing difficulties due to low efficiency and competitiveness
a set b sector c section d part
5 It is complained that the Telephone and Post Communicatios Company is operating in a very favourable environment without any
a monopoly b fluctuation c promotion d competition
6 We are proud of the very high level of services we offer and are accustomed to organizing conferences ……… two thousand delegates
a out of to b of up to c from up to d up from to
7 Sofitel Plaza Hotel has an excellent range of facilities and no doubt you will be aware the fact that the local area is rich in cultural interest
a for b to c of d about
8 When we receive your bank confirmation of L/C, your order will be made
a for b over c up d with
9 Impex is an international company which deals a wide variety of goods
a for b in c of d about
10 A fall in prices can result in serious difficulties to many producers and may cause them to
go business completely
a through b out c out of d into
11 The MD asked Mr Green
a that he had finished the report b whether he had finished the report
c had she finished the report d.if had he finished the report
12 The MD also wanted to know
a when Mr Green will submit that report b when would Mr Green submit the report
c when will Mr Green submit the report d when Mr Green would submit the report
13 Would you like coffee? Yes, please
a any b the c 0 d a
Trang 18HỌC KINH DOANH BLOG – http://www.hockinhdoanh.tk
14 The goods in this catalogue are of excellent value I am going to order some
a the b 0 c an d a
15 The Sales&Marketing Department will be divided into two ., a new Management Services Department will be created
a Furthermore b Therefore c Although d Otherwise
16 …………the launch date is due, the new product is not ready yet So, the shopfloor workers are working hard now
a Nevertheless b However c Although d Inspite of
17 Fluctuation in exchange rates causes instability …… , it makes forecasting more difficult
a In addition b So c In order that d So that
18 Producing new software is not necessarily expensive, ……… innovations in computer hardware certainly involve massive costs
a where b whereas c when d as
19 Mr Green , ………… is an experienced businessman is very eager to expand his business
in the Middle East
a which b that c who d b & c
20 One of the accidents they had was pretty serious A workman ……… 20 feet above the ground when he suddenly fell
a was working b worked c has been working d has worked
21 The number of overseas Vietnamese going home ……… by 8.9% this year
a increases b is increasing c has increased d increased
22 The Bank’s loan terms are better than those on hire purchase, so I …… ……… the bank loans
a am choosing b had chosen c was choosing d will be choosing
23 My boss has come in and you in a few minutes
a would see b has seen c will see d is going to see
24 Next week, John is going home for Christmas He hopes his family at the airport
a will have waited b have been waiting
c will be waiting d are waiting
25 Could you tell Mr Blake that Mr Ali is here? He ……… me
a will expect b was expecting c is expecting d has expected
Complete each sentence with the correct from of the word in brackets
26 (BENEFIT) The new salary scheme is ……….to all staff
27 (COMMERCE) Ho Chi Minh City is the biggest …… center in the country
28 (RELATIVE) The risk of investing in durable goods is …… low
29 (VARY) Prices have not shown much …………this year
30 (MANAGE) Good …………should be capable of leading as well as managing
SECTION 2: Language use (70 marks)
2.1 Choose ONE suitable word for each sentences from the list below (20 marks)
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measurable deteriorate goods money factors
payments decrease production capital economy
resources companies value available risk
1 As they easily, perishables must be placed on the market as quickly as possible
2 Foreign direct investment(FDI) has significantly contributed to the performance of the
………
3 FDI projects account for 12% of GDP and 35% of industrial
4 More than 2,500 FDI projects have been licensed with a total ……… of 40 billion dollars
5 Economics studies how society uses its scarce ………… to produce goods and services
6 Money is used to save for the future; it is a store of …………
7 Providing capital for a business always involves an element of …………
8 Entrepreneurs control and co-ordinate various of production
9 The econnomist is only interested in services which are ………… in terms of money
10 Changes in prices result in changes in the quantity of a particular commodity ………… to consumers
2.2 Reading comprehension (30 marks)
Read the passage below and then do the tasks that follow
It seems easy to say that you are employed if you work for somebody else and you are self – employed if you work for yourself! But life isn’t quite so simple Being self-employed is not restricted to people who run their own business, in the physical sense of owning property and stock and perhaps employing their own staff A great number of people work from home in a wide range of occupations and many of them are classed as self-employed Examples are the hairdresser who has set up shop in one room of the house, the freelance book-keeper who does the accounts for other small businesses, the woman who holds clothing or Tupperware parties, and the artist who takes on freelance work from various publishing companies
People who work on a freelance basic “hire out” their skills to anyone who will pay them A freelance photographer, for instance, may either be contracted to do a specific job for a newspaper or may even take photographs of events on the change that he/she can sell them
The number of people in Britain who are classed as self-employed rose by 52% between 1981 and 1991 from 2.2 million to 3.3 million people – and most of them work on their own (i.e they do not employ other people) in many cases these are people who have been faced with redundancy and who have used their savings or their redundancy payments, or taken advantages of one of the government schemes to set up on their own
Circle the correct answer
11 Which of the following suggestions is a suitable title for the passage?
a Self – employment b Employed or self – employed?
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c The UK employment market d Types of employment
12 A self-employed person
a has to carry out instructions b works for several employers
c is paid a wage or salary d is own employer
13 The passage suggests
a The pattern of employment is not varied in the UK
b If you are in a job, you will have it forever
c It is standard practice for many people in the UK to leave school and work for themselves
d In the UK people can either have the opportunity or the finances to start in business for themselves
What does each of the following underlined word/phrase refer to?
14 “…… and many of them are classed as self-employed.” (Paragraph 1)
15 “by 52% between 1981 and 1991 from 2.2 million to 3.3 million people – and most of them work on their own.” (paragraph 3)
Which words in the passage mean the following?
16 jobs………
17 to classify ………
18 state of being no longer needed for any available jobs ……
Fill in each blank with ONE suitable word from the passage
19 ……… becomes more popular among mothers of young children as they don’t have
to work the standard 8 a.m to 5 p.m a day
20 Self – employed may ……… other people to help them with their business
2.3 Writing (20 marks)
Read this invitation card and write a short description of the Book Fair for a brochure
INVITATION TO 2002 BOOK FAIR
Youth Cultural Centre
Exhibition of Books in Vietnamese and foreign languages
Free copies of catalogues
Free use of Internet
Publishers from over the country and Oxford University Press
21 – 28 February, 2002
ĐỀ SỐ 2
SECTION 1: Language usage (30 marks)
Circle the correct answer
1 We believe communication channels within the company will be simplified, …… our decision making will be more streamlined
a in order to b so c so that d that
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2 No holiday booking will be accepted …… it is accompanied by the necessary deposit
a if b whether c unless d when
3 More men than women are self-employed ……… this type of work is also popular among mothers of young children
a however b although c nevertheless d inspite of
4 Travel Services is expanding its business to Vietnam, ………… is a fast growing market
a which b who c that d 0
5 Coca-Cola employees enjoy high salaries ………… , they can claim traveling expenses
a In addition b however c Therefore d So that
6 After considering the advantages and disadvantages of the trip to Chicago, Mr Green wants
to revise his ………
a plan b agenda c itinerary d.list
7 Exports of the company ……… of natural gas, cotton, and textiles
a include b has c consist d compose
8 ………of currency is American dollar
a unit b money c measure d device
9 There is a very rapid growth in the computer and data processing market, especially in the banking
a section b sector c part d department
10 A group of certain companies …………the market when they have completely controlled over particular commodities
a corner b advertise c monopolize d motivate
11 We are planning ………series of travel talks on different holiday resorts The first talk
is called “Discover Vietnam”
a the b a c an d 0
12 The sign on the door says “……… set menu lunch will be available from 12:30p.m
we hope you will be able to attend”
16 The clerical staff will use the desk top system ………word processor
a like b same as c as d similar to
17 The Us dollar has risen ……… Vietnamese dongs
a to b by c against d opposite
18 Multinational companies ……… rapidly since World war 2, and today some have operations in more than 100 countries
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a were growing b have grown c had grown d grew
19 A huge explosion caused extensive damage last night in the new multi-million dollar factory of Perfecta Ltd, the well-………… ladies’ fashion designers
a know b known c knew d knowing
20 “I am sorry Mr Dent will not be able to see you tomorrow He ……… a meeting 9:30 tomorrow
a will attend b is attending c is going to attend d attends
21 Travel Services is discussing ……… an office in Vietnam to expand their business in South East Asia
a to open b the opening c opening d opened
22 Tourists are strongly recommended ……… travel insurance for the period of their journey
a the taking out b to take out c to be taken out d taking out
23 The manager is interested to know
a if staff are happy with the new arrangements at work
b whether are staff happy with the new arrangements at work
c are staff happy with the new arrangements at work
d what staff are happy with the new arrangements at work
24 The manager came to see me and asked “………….”
a What other changes to the working conditions do you think we should make?
b What other changes to the working conditions you think we should make?
c If you think we should make other changes to the working conditions?
d If other changes you think we should make to the working conditions
25 ………will be a new year party at 8:00 in the evening It will be held at the Continental Hotel
a There b It c This d That
Complete each sentences with the correct form of the word in brackets
26 (EMPLOY) The new salary scheme is to the benefit of all …………
27 (VARY) The company will increase the ……… of products offered for sale
28 (PROFIT) It would be more ……… to set up a subsidiary
29 (FINANCE) HSBC provides ………… Services all over the world
30 (EXTREME) The figures show an ………… good year for the company
SECTION 2: Language use (70 marks)
2.1 Choose ONE suitable word for each sentences from the list below (20 marks)
competition diminish increase management economy
sales reduce measure bear particular
average planned monopoly rate economic
1 Besides essential commodities, people also buy non-essential commodities which provide some ……… personal satisfaction
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2 Utility is related to our decisions about priorities in production, particularly in a centrally
……… economy
3 The Vietnamese economy grew by an annual ………… of 8% between 1991 and 1998
4 In 1999, …………growth slowed down with a 5% increase in GDP
5 GDP’s growth ……… stood at 6% in 2000 – 2001 and is projected as 7% this year
6 Economists …………the services which people provide for financial rewards
7 Entrepreneurs make decisions on production and ………… the risk of success or failure
8 ………among sellers of the same commodities has an influence on its market prices
9 Most nations hold a ………… on such essential commodities as electricity and water
10 The consumer’s desire for a commodity tends to ……… As he gets more units of that commodity
2.2 Reading comprehension (30 marks)
Read the passage below and then do the tasks that follow
The number of people working part-time has increased dramatically over the last ten years, not just in Britain but also throughout the European Community In many cases companies are converting full-time jobs to part time positions For example, in late 1992 Burtons announced that 1000 full-time shop jobs were to be replaced by up to 3000 part-time posts
The main difference, of course, between working part-time and working full-time is in the number of hours worked A part-time employee will work less than the standard opening hours
of the company In some cases two part time employees might job share one full-time job – i.e they do the work between them
Employers may prefer part-time staff because the company’s wage bill is reduced The employer also saves on National Insurance payments if part-time staff earn less than the lower earnings limit Part-time staff are more flexible They can be used to cover for absent staff and work extra hours when the company is busy or wants to open longer hours In addition, part- time staff do not have the same legal rights in employment law as full-time staff unless they work more than 16 hours a week Those working fewer than eight hours a week can never gain protection This means they cannot claim for unfair dismissal and do not receive other benefits such as maternity or pension rights
Circle the correct answer
11 Which of the following suggestions is a suitable title for the passage?
a Full-time or part-time b Employing part-time staff
c Working part-time d Converting full-time jobs to part-time positions
12 Part-time workers
a gain the same employment rights as in other European countries
b do not get the same benefits as full-time staff in employment
c can expect their employers to pay for their training
d are not readily available to companies when they need them
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13 The passage suggests
a British companies tend to employ more staff on a part-time basis
b Companies in Britain can grow faster if they increase part-time staff
c part-time jobs benefit employees
d part-time work enables a person to earn some money and yet have more time for leisure
What does each of the following underlined word/phrase refer to?
14 “………They can be used to cover for absent staff and work extra hours
……….”(Paragraph 3)
15 “ ……….This means they cannot claim for unfair dismissal and ……” (Paragraph 3)
Which words in the passage mean the following
16 changing from one form to another ………
17 employees do the work between them ………
18 loss of job ………
Fill in each blank with ONE suitable word from the passage
19 Working part-time is a useful way of earning some income for those who cannot work
………….(e.g students, pensioners who want to supplement their pension)
20 He spent all his ……… without thinking about how hard it was for him to make this money
2.3 Writing (20 marks)
Read this invitation card and write a circular letter to book publishers
INVITATION TO 2002 BOOK FAIR
Youth Cultural Centre
Exhibition of Books in Vietnamese and foreign languages
Free copies of catalogues
Free use of Internet
Publishers from over the country and Oxford University Press
21 – 28 February, 2002
ĐỀ SỐ 3
SECTION 1: Language usage (30 marks)
Circle the best answer
1 I ……… in connection with your letter of 10 November, 2000
a am writin b write c will write d have written
2 We ………… both Enterprise 1 & 2, and now are ready for the final exam
a have been studying b studied c have studied d had studied
3 John Hartz ……… a lecture when he was interrupted
a delivered b had deliverd c was deliverd d was delivering
4 We delayed ……….the product because of technical problems
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a being launched b launching c launch d.to launch
5 The consultant advised us ……… a subsidiary in the North
a to set up b setting up c set up d a & b are correct
6 Thank you, I have passed the exam Without your help I ………
a would have failed b failed c would fail d had failed
7 The receptionist asked Alison …………
a that she has made a reservation
b if she has made a reservation
c has she made a reservation
d whether she had made a reservation
8 The managing wanted to know………
a how much has their turnover risen
b how much their turnover had risen
c that how much their turnover had risen
d that how much their turnover has risen
9 In 1999 the P & G spent 30 million pounds …… research & development
a on b about c with d.to
10 The turnover showed an increase …………5%
c on my opinion d according to my opinion
13 All foreign investors must comply ……… the law on foreign investment
a in order b for the purpose c so that d in order to
17 The MD ………… is going to retire, has recommended Mr Blake as his successor
a who b that c who d ,that
18 The business performance did not improve ……… the appointment of the new MD
a when b until c since d where
19 Home sales have shown a strong performance, ………exports are well below the target
a however b but c nevertheless d and
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20 ………we invest more in R & D, we are likely to fall behind our competitors
a If b When c Unless d Whether
21 We’ve started a join ………… program with a Canadian company
a project b firm c venture d company
22 With the new pension plans employees can ………… to take early retirement
a afford b allow c demand d think
23 The Chief Accountant resigned from the company for …………reasons
a personnel b individual c personal d all are correct
24 We’ve spent a large part of our ………on advertising
a sharply b slightly c steadily d dramatically
25 We’ve spent a large part of our ………… on advertising
a budget b costs c expenses d amount
Complete each sentences with the correct form of the word in brackets
26 (deliver) The price include ………charge
27 (success) We hope the new product will ……… in the home market
28 (attend) Why don’t teachers check the ………of students nowadays?
29 (impression) Most consumers are ………….by our new product
30 (hard) You should work ……… to make up for your lack of intelligence
SECTION 2: Language use (70 marks)
2.1 Choose ONE suitable word for each sentences from the given list below (20 marks)
strictly payment inelastic tends accumulates
reward satisfy study elastic saves
budget capital economic fairly labour
1 The economist is not concerned with the services which people provide for no financial
………
2 Profit is the surplus which ……… as a result of productive work
3 There is always some ……… involved in financing a business
4 Commodity of different kinds ………… our wants in different ways
5 According to the Law of Supply, a rise in prices ………to increase supply
6 Supply is ……….when it can be increased or decreased rapidly in response to market prices
7 The economist’s method should be ……… objective and scientific
8 The ……… reform in Vietnam has achieved remarkable results
9 Vietnam is not only rich in national resources, but also has an abundance of………
10 Raising ………… for development is one of Vietnam’s main priorities
2.2 Reading comprehension (30 marks)
Read the passage below and then do the tasks that follow
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Business is a word that is commonly used in many different languages But exactly what does
it mean? The concepts and activities of business have increased in modern times Traditionally, business simply meant exchange or trade for things people wanted or needed Today, it has a more technical definition One definition of business is the production, distribution, and sale of goods and services for a porfit To examine this definition, we will look at its various parts
First, production is the creation of services or the changing of materials into products One example is the conversion of iron or into metal car parts Next, these products need to be moved from the factory to the market place This is known as distribution A car might be moved from a factory in Detroit to a car dealership in Miami
Third is the sale of goods and services Sale is the exchange of a product or service for money
A car is sold to someone in exchange for money Goods are products that people will either need or want For example cars can be classified as goods Services, on the other hand, are activities that a person or group performs for another person or organisation For instance, an auto mechanic performs a service when he repair a car A doctor also performs a service by taking care of people when they are sick
Business then is a combination of all these activities: production, distribution and sale However, there is one other important factor This factor is the creation of profits or economic surplus A major role in the functioning of an American business company is making a profit Profit is the money that remains after all the expenses are paid Creating an economic surplus
or profit is, therefore, a primary goal of business activities
Circle the correct answer
1 Which of the following suggestions is a suitable title for the passage?
a What are important factors of business?
b How are goods produced?
c What is business?
d How important is business?
2 Which of the following statements is FALSE?
a Today business means exchange of goods for money
b People produce goods and services
c Business involves various activities
d Economic surplus is a major element in business
3 “Today it has a more technical definition”(Paragraph 1) The sentences means
a It is related to techniques
b It is the definition of technology
c The definition is more specialised
d The definition refers to a technical subject
The underlined word means
4 “Traditionally, business meant exchange or trade for things… ”(Paragraph 1)
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a According to our traditions b In the past
c In traditional terms d As a custom
5 “………from a factory in Destroit to a car dealership” (Paragraph 2)
Fill in each blank with ONE suitable word from the passage
10 Prices play an essential ……….in the market
11 A close look at various parts of business will help better ……….its definition
Write short answers to the following questions
12 What is distribution?
13 Why do people carry out business?
What does the underlined word refer to?
14 “To examine this definition ……” (Paragraph 1)
15 “Today, it has a more technical definition” (Paragraph 1)
2.3 Writing (20 marks)
Write a letter to Mr Nguyen Van Nam, Sales Manager of Coca-Cola Vietnam 142/B1 Ðien Bien Phu Rd Binh Thanh Dis; HCMC Arrange a meeting with him on 1 February, at 10:30 in his office You want to renew the contract
ĐỀ SỐ 4
SECTION 1: Language usage (30 marks)
Circle the best answer
1 Alison is in the MD’s office She is ………… for the post of assistant manager
a interviewed b being interviewed c interviewing d having interviewed
2 Alison looks happy now She ………well at the interview
a performed b had performed c has performed d was performed
3 The teacher entered the classroom when some of his students …….fun of the new comer
a were making b made c were made d have made
4 The management is considering ……….a new branch in Hanoi
a to open b opening c open d being opened
5.This information helps management …… a final decision on the shortlists for interview
a make b to make c making d a & b
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6 Thanks for providing the information I ……….the report without it
a did not finish b.would not have finished
c have not finished d had not finished
7 The manager wanted to know……
a if the order had been delivered b that the order had been deliverd
c whether the order has been delivered d had the order been delivered
8 The receptionist asked Alison ………
a how long she was going to stay b that how long she was going to stay
c how long are you going to stay d that how long she will stay
9 The head of the department agreed …… the proposal to expand production
a to b with c for d about
10 Unfortunately, there is a decrease …… 2% in profits
a by b on c.in d of
11 The order……… this product is growing
a for b in c with d on
12 ………… sales, the campaign has been successful
a According to the terms of b For the terms of c In term with d In term of
13 Cho Lon is one of the biggest wholesalers in Vietnam It deals ……… a variety of goods
a with b on c.in d about
14 People are in ……… business to make profits
a no article b a c the d an
15 ………advertising campaign has resuted in higher sales for the company
a no article b.a c the d an
16 The employees should work overtime ……….achieve the company’s objectives
a in order that b in order to c so that d for the purpose
17 Coca-Cola ………is one of the largest multinationals, sells 1.6 billion gallons per year
a which b , which c that d , that
18 Would you like such an exciting job ………you jump on planes and fly first class around the world
a that b which c where d when
19 No company wants to make employees redundant …………occasionally they have to
a and b but c however d nevertheless
20 ………an investor follows the standard procedures, his application is unlikely to be approved
a if b whether c unless d when
21 We ran a summer advertising ………and sales increased steadily
a action b activity c promotion d campaign
22 We …… to send the rest of our staff on training courses next year
a think b suggest c plan d consider
23 Changes are being made to the ……….policies of the company
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a personal b private c personnel d individual
24 Although the market is not growing, I expect sales to increase …….at least until the end of the century
a substantially b on average c steadily d fairly
25 Employees have the right to claim their business………
a budget b expenditure c expenses d amount
Complete each sentences with the correct of the word in brackets
26 (improve) There was a steady……….in September
27 (succeed) The new product has been a real…
28 (complain) We should make a ………….to the head office
29 (impression) The company has…………the market with the latest product
30 (basic) ………., the project goes as planned
SECTION 2: Language use (70 marks)
2.1 Choose ONE suitable word for each sentences from the given list below (20 marks)
monopoly fluctuations measures measurable changing
work economic investment labour adjusted
glut affordable available shortage diminish
1 The economist is interested in services which are ……….in terms of money payment
2 ……… in prices have a great effect on supply and demand
3 Natural …………arises when a country has control over natural resources
4 The consumer’s desire for a commodity will ………as he has more units of that commodity
5 Over production of any commodity can create difficulties because it can lead to a …….on the market
6 Supplies of many commodities can generally be ……to suit market conditions
7 The utility of a commodity is related to the quantity……….to the consumer
8 Firms located in the Exprot Processing Zone (EPZ) may benefit from cheap ……and lower rent
9 American ………has increased since the US – Vietnam trade agreement was signed last year
10 Many experts believe that Vietnam has great ………potential
2.2 Reading comprehension (30 marks)
Read the passage below and do the tasks that follow
The sale of goods and services is not restricted to local, regional or national markets; it often takes place on an international basis Nations import goods that they lack or cannot produce as efficiently as other nations, and they export goods that they can produce more efficiently This exchange of goods and services in the world, or global, is known as international trade There are three main benefits to this type of exchange
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First international trade makes scarce goods available to nations that need or desire them When a nation lacks the resources needed to produce goods domestically, it may import them from another country
Second, international trade allows a nation to specialise in production of those goods for which
it is particularly suited This often results in increased output, decreased costs, and a higher national standard of living Natural human and technical resources help
determine which product a nation will specialise in
The third benefit of international trade is its political effects Nations that trade together develop common interests that may help them overcome political differences Economic cooperation has been the foundation for many political alliances, such as the European Community, founded in 1957
International trade has done much to improve global conditions It enables countries import goods they lack or cannot produce domestically It allows countries to specialise in certain goods with increased production and decreased prices Finally, it opens the channels of communication among the nations
Circle the correct answer
1 Which of the following suggestions is a suitable title of the passage?
a Why nations trade
b How nations trade
c When nations trade
d What nations trade
2 Which of the following statements is TRUE?
a International trade leads to higher costs and living standards
b International trade benefits the world economy
c International trade does not affect politics
d International trade means exporting of goods
3 “There are three main benefits to be gained from this type of exchange” (Paragraph 1)
a profits b advantages c allowances d bonuses
The underlined word means
4 “International trade makes scarce goods available to nations……”(Paragraph 2)
a high quality b foreign made c well-known d not easily purchased
5 “It enables countries to import goods they lack or cannot produce domestically” (Paragraph 5)
a on their own b efficiently c with domestic resources d cheaply
Which words in the passage mean
6 do not have enough
7 decide
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8 shared
9 of the whole world
Fill in each blank with ONE suitable word from the passage
10 High-tech goods are now readily ……….to the Vietnamese market
11 Economic growth has helped ……….people’s living conditions
Write short answers to the following questions
12 What is international trade?
13 How does international trade affect politics?
What does the underlined word refer to?
14 “This often results in increased output and decreased costs and a higher national standard
of living” (Paragraph 3)
15 “Finaly, it opens the channels of communication among nations”(Paragraph 3)
2.3 Writing (20 marks)
Read the following invitation card and then write a circular letter to suppliers
INVITATION TO YEAR 2001 CONSUMER GOODS FAIR
Invitation Exhibition Centre
Ho Chi Minh City
Display of latest products
February 12 to 14, 2001
Trang 33Giangblog www.giangblog.com
thi ti ng Anh
t Nam - Vietinbank
V trí: Tín d ng Thi ngày 5/12/2010
A Choose the best answer
1 She rang to make an early at the hairdressers
5 I will ask him to come if I _ him
6 If he s not back _ mid night, I am going to phone the police
7 I would go to the America if I time to do it
a Will have c have
b Would have d had
8 I am very _ in information about your company s holiday
13 I am afraid I know nothing about the fight for independence It was _
a Behind the time c before my time
b As the same time d For the time being
Trang 341 Her expenses / get / higher / everymonth
2 I / rather / stay / home / tonight / go / cinema
3 Kathy / suggest / her husband / tonight / go / cinema
4 I / have / my car / wash / yesterday
5 Customer / want / open / account / name / John Smith
3 Mike said that: I m quite sure it s broken
Mike said that
4 They should have finished the work
The work
5 When does the bank close ?
Can you tell me
Trang 35www.cfa-aficionado.cjb.net www.marbella.to/cfa-aficionado
Trang 36Introduction by the Author :
Hi there, CFA fellows, here you are You see , it doesn”t need to be an expensive prep course to get first class preparation for the CFA exams The following questions are original CFA AIMR questions and not just composed by prep course providers They all come with a clear answer
In order to understand why the questions are commented by “answer is correct / incorrect” it is important to know that all questions have
automatically been responded with the first (and only the first ) answer
Your CFA-Aficionado
cfa-aficionado@softhome.net
cfa-aficionado@flashmail.com
And now here we go :
An economy is currently operating at full employment, with an inflation rate of 6% The Central Bank adopts an inflationary measure consistent with an inflation rate of 8% but people anticipate an inflation
of 7% Then, the unemployment in the short run will be the natural rate, as predicted by the Rational Expectations Model
* could be above or below
-
Which of the following would increase GDP?
* Mercedes-Benz begins to produce and sell cars in Alabama
* An American investor buys 100 shares of Ford stock
* Ford Motor Company begins to produce and sell cars in Japan
* An American investor purchases 100 shares of Mercedes-Benz stock
Trang 37That answer is correct!
Since GDP represents the total market value of all final goods and services produced domestically during a specific period, GDP would rise if a foreign company starts to produce cars domestically -
If the marginal propensity to consume (MPC) is 75 or 3/4, what is the expenditure multiplier?
Which of the following would be an example of non-activist monetary policy?
* The Central Bank attempts to counter-act negative developments in the economy
* Inflation is the only target for the Central Bank
* The Central Bank tries to keep the money supply constant
* The government keeps spending constant and allows tax revenues to rise or fall to compensate for changes in aggregate income
* The Central Bank increases the money supply by 5% every year
That answer is incorrect
Correct answer:
The Central Bank increases the money supply by 5% every year
The classic non-activist monetary policy example is to increase the money supply by a particular level every year Activist or discretionary monetary policy involves changing the supply of money to counter-act negative developments in the economy
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"Counter-cyclical macroeconomic policy will be ineffective as a stabilization tool because people will undermine the policy by adjusting their choices once they expect a systematic policy response to recessions and booms." This statement most clearly reflects the
* Keynesian view
* rational expectations view
* supply-side view
* 1960 view of the Phillips curve
That answer is incorrect
Trang 38Correct answer:
rational expectations view
Rational agents will weigh all of the likely economic policies in their estimation of future inflation rates Therefore, once a systematic policy response to recessions and booms is established, counter-cyclical macroeconomic policy will be ineffective since it will be fully anticipated
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Congress proposes to stimulate the economy by cutting taxes for middle income families but raising taxes for wealthier tax payers The effect will be the same net taxes collected, but most tax payers would pay less in taxes According to which of the following economic theories would this stimulate the economy?
none of these answers is correct
Since there was no net reduction in taxes, the tax plan would not create a fiscal stimulus Marginal tax rates have effectively increased under this plan, implying a negative supply-side impact Monetary policy involves changing the money supply, which is not applicable here
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An increase in the nominal interest rate would
Trang 39* encourage people to hold larger money balances
* cause households to increase consumption
* encourage people to hold smaller money balances
* force the Fed to reduce the money supply
That answer is incorrect
Correct answer:
encourage people to hold smaller money balances
The nominal interest rate represents the opportunity cost of holding money as cash-money held as cash earns no interest Money held in some checking accounting or other interest bearing accounts earns a positive interest rate Thus, money held as cash could be earning this interest rate An
increase in the nominal interest rate encourages people to hold less money as cash and to hold more money in interest bearing accounts since they can now earn a greater return by doing so
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An increase in the long-run aggregate supply curve indicates that
* unemployment has increased
* employment has increased
* natural unemployment has increased
* potential real GDP has increased
That answer is incorrect
Correct answer:
potential real GDP has increased
Short run increases in aggregate supply do not shift the long run potential of the economy; only increases in the long run aggregate supply curve will effectively increase potential GDP Short run aggregate supply may exceed the long run potential of the economy but only temporarily
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Which of the following will most likely occur in the short run when the long-run equilibrium of an economy is disturbed by an unanticipated decrease in aggregate demand?
* an increase in output and a lower price level
* a decrease in output and a higher price level
* an increase in output while prices remain unchanged
* a decrease in output and a lower price level
That answer is incorrect
Correct answer:
a decrease in output and a lower price level
In response to a decline in aggregate demand, resources may be inflexible; that is, they may not decline sufficiently to adjust to the reduction in aggregate demand As a result, there will be a
recession in which output declines and prices in other markets decline
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In year 0, $10 could purchase a certain basket of goods In year 20, the identical basket of goods cost
Trang 40$36 What was the average annualized inflation rate during this period?
Which of the following would increase GDP?
* buying a 10-year-old house
* giving $100 to a charity
* buying a new automobile made in Indiana by a Japanese owned firm
* buying hamburger buns by McDonald's
That answer is incorrect
Correct answer:
buying a new automobile made in Indiana by a Japanese owned firm
Since GDP is the total market value of all final goods and services produced domestically during a specific period, the purchase of any good that was produced within the U.S will positively contribute to the calculation of GDP Despite the fact that the transaction profits a foreign company, the good was produced within the U.S and therefore is counted in GDP
The hamburger buns do not contribute to GDP because they are an intermediate good The house is a re-sold item, which would have been counted in GDP when it was produced, therefore is not
recounted when sold
That answer is correct!
The quantity theory of money implies that the existing money stock M multiplied by velocity V equals the nominal GDP (output times the price level) In order to maintain the equality, if M increases, the price level P must also increase
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